Hawkish

1. Monetary policy.

In relation to monetary policy, 'hawkish' monetary policies aim to fight inflation, and are associated with relatively higher interest rates.

Contrasted with more 'dovish' approaches.

2.

More broadly, 'hawkish' policies are generally less conciliatory and more assertive, aggressive or warlike, contrasted with 'dovish' ones.

The term derives from the behaviour of hawks, compared with doves.

See also

• Bank of England
• Canary in the coal mine
• Deflation
• Dovish
• Fiscal policy
• Inflation
• Interest rate
• Keynesianism
• Monetary
• Monetary policy
• Monetary Policy Committee
• Money supply
• Official Bank Rate
• Open market operations
• Quantitative easing
• Supply side policy